The Public Utilities Regulatory Commission (PURC), has announced in its latest validation report that the Electricity Company of Ghana (ECG) has fully adhered to the Cash Waterfall Mechanism (CWM) for April 2024 payments.
This marks the second instance of full compliance, the first being in March 2024.
This compliance follows intense scrutiny and criticism from both the media and the PURC, which have been vocal about ECG’s failure to fully comply with the CWM since its revision in August 2023.
According to the report, ECG garnered total revenue of GHS 832.6 million for April 2024, which was allocated to settle invoices from February 2024.
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